Sports Apparel And Footwear Industry
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According to data from the ministry of industry the value of the countrys footwear exports in 2015 of which 90 of the total is sports footwear was up 97 to 45 billion usd.
Sports betting au. Dollars of that total. The product offerings of these companies mostly include athletic and casual footwear fashion apparel and activewear sports equipment bags balls as well as other sports and fashion accessories. Sports apparel market was valued at 1677 billion in 2018 and is estimated to reach 2481 billion by 2026 registering a cagr of 51 from 2019 to 2026.
The sports and fitness clothing category is projected to reach sales of 2317 billion by the year 2024. Sports apparel industry overview. The result is a highly fragmented industry in which even leading brands garner only low single digit market share.
Sports apparel industry incorporate both athletic footwear and apparel is exceedingly a labour intensive market. Growing enthusiasm and awareness regarding the health benefits of sports fitness activities flourishing retail e commerce sector worldwide and rising levels of disposable income of consumers are estimated to be the key trends stoking. The market for fitness and sports apparel is expected to increase more than usd 50 billion between 2018 2023 accelerating at a cagr of more than 5 during the forecast period.
Overall indonesias sportswear industry posted positive growth in 2015 and 2016 amid the global economic slowdown. Given the relative ease in designing and manufacturing basic apparel there are low barriers to entry. The global athletic footwear market size was valued at usd 6430 billion in 2017.
Global industry analysts 2. Important athletic apparel industry statistics 1. The fastest rates of growth for the athletic apparel industry are expected from the apac region with an anticipated cagr of 69 through the forecast period.
The combined value of the global sports apparel and footwear markets was 2857 billion us. It is expected to expand at a cagr of slightly over 50 from 2018 to 2025. Bulk of the workers with in the supply chains of sportswear are young and female and they inevitably work beneath hard terms of employment and underprivileged.
Therefore majority of the production take place in low income countries.
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